Equinor Awards Contract to Aker Solutions to Modify Troll A Platform

Core Insights - Equinor ASA has awarded Aker Solutions a significant contract valued between NOK 500 million and NOK 1.5 billion to enhance gas production capabilities at the Troll A platform as part of the Troll Phase 3 development [1][6] - The Troll field is crucial for Norway's gas production, accounting for 10% of Europe's gas supply, and the Troll Phase 3 project aims to extract gas from the gas cap above the Troll West oil column while continuing oil production [2][7] Contract Details - Aker Solutions will prepare the Troll A platform to process gas from eight new wells drilled at Troll West, with the processed gas routed to existing infrastructure for integration with the wider gas network [3][4] - The contract will be managed from Aker Solutions' Stavanger office in Norway, with support from teams in Bergen and Mumbai, and construction work will take place at the Egersund yard in Norway [5] Project Timeline and Impact - Work under the new contract is set to begin immediately and is expected to conclude by the end of 2027, strengthening Aker Solutions' position in the Troll field [6] - The Troll field remains a key asset for Equinor, which is also planning to partially electrify the Troll B and C platforms to reduce emissions, highlighting the field's role in supporting Europe's energy needs while aligning with sustainability goals [7] Stock Performance - Equinor shares have outperformed the industry over the past six months, with a decline of 2.8% compared to the industry's 5.7% decline [8]